Ireland Inflation Rate Down to 1.1 Percent in February

In Ireland, consumer prices were 1.1 percent higher in February of 2013 compared with the same month of the previous year. Prices on average, as measured by the CPI, increased by 0.8 percent in the month. This compares to an increase of 0.9 percent recorded in February of last year.

The most notable changes in the year were increases in alcoholic beverages and tobacco (+5.4 percent), education (+4.7 percent) and miscellaneous goods and services (+2.9 percent). There were decreases in communications (-4.4 percent), furnishings, household equipment and routine household maintenance (-3.1 percent) and clothing and footwear (-2.2 percent).

The annual rate of inflation for services was 1.7 percent in the year to February, while goods increased by 0.3 percent. Services, excluding mortgage interest repayments, increased by 2.6 percent in the year since February 2012.

The CPI excluding tobacco for February increased by 0.8 percent in the month and was up by 1.1 percent in the year. The CPI excluding energy products rose by 0.7 percent in the month and increased by 0.8 percent in the year. The CPI excluding mortgage interest increased by 0.9 percent in the month and rose by 1.6 percent in the year.

CSO | Nuno Fontes | nuno@tradingeconomics.com3/14/2013 11:11:37 AM

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